349 W Webster Avenue, Muskegon, MI 49440
sale
$1,200,000
|
Retail
Courtesy Of Core Realty Partners LLC
451 W Western Avenue, Muskegon, MI 49440
Take the reins of an iconic lakeshore landmark. The historic Hackley Administration Building, a true architectural masterpiece in the heart of Downtown Muskegon, is available for a visionary developer to finalize its transformation. This property represents an unparalleled value proposition with approximately $4,000,000 in capital already invested to date by current ownership. The challenging foundational work has been completed: the building's striking exterior structure is stabilized, and the interior has been demolished down to the studs. This leaves a clean, blank slate that saves the incoming developer millions of dollars and years of site-prep timelines. Spanning 3 stories plus a massive basement with a generous total size of 43,860 square feet, the property was most recently slated for a high-end luxury boutique hotel project ("Hackley Castle"). The layout offers immense versatility, allowing a new owner to either complete the boutique hospitality buildout or seamlessly pivot the footprint toward luxury multifamily apartments, a vibrant mixed-use retail hub, or a prestigious corporate headquarters.
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Property Features
- Age: Over 50 Years Old
- Building Units: 1
- Exterior Type: Brick
- Exterior Type: Stone
- Floors: 3
- Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 ENTIRE BLOCK 335
- MLSID: 26058515
- Rooms: Basement
- Rooms: Bathroom 1
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